Rangarajan says 5.2% growth in Q4 achievable

The economy can grow an annual 5.2% in the quarter to end-March on higher farm output growth, the chairman of the Prime Minister's Economic Advisory Council said on Friday.

businessUpdated: Mar 14, 2014 11:07 IST

Reuters

The economy can grow an annual 5.2% in the quarter to end-March on higher farm output growth, the chairman of the prime minister's economic advisory council said on Friday.

C Rangarajan also said he expects the economic growth to pick up to 5.5-6% in the fiscal year that begins on April 1.

Contracting industrial output and an investment slowdown dragged India's economic growth to a worse-than-expected 4.7% in the three months to December, making it tougher for the economy to hit the government's growth forecast of 4.9% in the fiscal year that ends in March.